By: Mohamed Farouk
Kuwait – Mubasher: Boursa Kuwait’s indices closed Monday on a mixed note, as the benchmark price index grew 0.83% or 56.38 points to close at 6,851.62 points, while the weighted and Kuwait-15 indices shed 0.55% and 0.61%, respectively.
Turnover increased to KWD 12.28 million on Monday from KWD 8.39 million on Sunday, while traded volume rose to 63.4 million shares compared to 58 million.
Commenting on the Kuwaiti market’s performance, capital market analyst Nawwaf Al Aoun noted that Monday’s session represents a peak for the price index, which reached its highest level in 29 sessions, or almost a month and a half.
Tuesday’s session will be an important one as the benchmark price index attempts to surpass the level of 6,868 points, the analyst told Mubasher.
A total of seven sectors were in the green on Monday, led by healthcare with 11.5%, after Al Mouwasat soared 20%, while the oil and gas sector rose 6.37%, backed by three of its stocks, particularly Napesco which surged 11.8%.
On the other hand, the telecoms sector led losers, falling 0.92% after Zain Kuwait declined 2.2%, while the banking sector shed 0.87%, pressured by eight of its stocks, led by Burgan Bank and Kuwait Finance House (KFH) which tumbled 2.8% and 2.37%, respectively.
KFH’s stock led in terms of turnover with KWD 3.11 million, while Ahly United Bank – Kuwait (AUB), down 1.85%, led in terms of volume with almost 7 million shares.
Translated by: Nada Adel Sobhi
